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Multiple Choice Question 77 The income statement for the month of June, 2020 of Cullumber...

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Accounting

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Multiple Choice Question 77 The income statement for the month of June, 2020 of Cullumber Inc. contains the following information: Revenues $6650 Expenses: Salaries and Wages Expense $3030 Rent Expense 1460 Advertising Expense 860 Supplies Expense 320 Insurance Expense 110 Total expenses 5780 Net income 5870 After the revenue and expense accounts have been closed, the balance in Income Summary will be a credit balance of $870. a debit balance of 5870. a credit balance of 56650. O a debit balance of $5550. Click if you would like to Show Work for this question: Open Show Work

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